Wood Slicing Machine Market

The article discusses the projected growth of the global market for splitting, slicing, or paring machines over the period from 2022 to 2030. It highlights the expected increase in market volume and value, with forecasted CAGR percentages for both. The article also provides insights into global consumption trends, production levels, imports, and exports of these machines. Key statistics on consumption, production, imports, and exports are highlighted, along with the countries leading in these categories and their respective growth rates. The article also touches on average prices for these machines and how they have fluctuated over the years, with a focus on key exporting countries such as China, Canada, and Germany.

Market Forecast

Driven by increasing demand for splitting, slicing or paring machines worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 2.2M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.7% for the period from 2022 to 2030, which is projected to bring the market value to $14.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Splitting, Slicing Or Paring Machines

In 2022, global consumption of splitting, slicing or paring machines dropped modestly to 1.7M units, approximately equating 2021 figures. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.4% against 2020 indices. Global consumption peaked at 2.3M units in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

The global wood slicing machine market value dropped to $9.5B in 2022, which is down by -10.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a mild decline. Over the period under review, the global market attained the maximum level at $15.9B in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (306K units), China (251K units) and the Netherlands (75K units), with a combined 37% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the Netherlands (with a CAGR of +17.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Brazil ($6B) led the market, alone. The second position in the ranking was held by Japan ($691M). It was followed by Turkey.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to -3.2%. The remaining consuming countries recorded the following average annual rates of market growth: Japan (-1.5% per year) and Turkey (-1.7% per year).

The countries with the highest levels of wood slicing machine per capita consumption in 2022 were Norway (6.8 units per 1000 persons), the Netherlands (4.3 units per 1000 persons) and Canada (1.5 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +17.0%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Splitting, Slicing Or Paring Machines

In 2022, global wood slicing machine production declined slightly to 2M units, falling by -3.6% against 2021. Over the period under review, the total production indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.9% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 41% against the previous year. Global production peaked at 2.5M units in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, wood slicing machine production reduced to $9.3B in 2022 estimated in export price. Overall, production saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 59%. Over the period under review, global production reached the peak level at $15.7B in 2017; however, from 2018 to 2022, production failed to regain momentum.

Production By Country

China (1.2M units) constituted the country with the largest volume of wood slicing machine production, accounting for 61% of total volume. Moreover, wood slicing machine production in China exceeded the figures recorded by the second-largest producer, Japan (68K units), more than tenfold. Pakistan (66K units) ranked third in terms of total production with a 3.4% share.

In China, wood slicing machine production expanded at an average annual rate of +6.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.7% per year) and Pakistan (+4.2% per year).

Imports

World Imports of Splitting, Slicing Or Paring Machines

After two years of growth, overseas purchases of splitting, slicing or paring machines decreased by -2.6% to 788K units in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports attained the peak of 809K units, and then dropped in the following year.

In value terms, wood slicing machine imports amounted to $651M in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 33%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports By Country

The United States represented the largest importer of splitting, slicing or paring machines in the world, with the volume of imports accounting for 310K units, which was approx. 39% of total imports in 2022. It was distantly followed by the Netherlands (83K units), Canada (81K units), the UK (43K units), Norway (37K units) and Germany (37K units), together achieving a 36% share of total imports. Italy (31K units), Australia (23K units) and Russia (18K units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood slicing machine imports into the United States stood at +14.6%. At the same time, the Netherlands (+15.4%), Italy (+7.1%), Russia (+6.7%), Canada (+6.2%), Australia (+5.2%), Norway (+4.3%) and Germany (+1.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +15.4% from 2012-2022. The UK experienced a relatively flat trend pattern. The United States (+22 p.p.) and the Netherlands (+6.4 p.p.) significantly strengthened its position in terms of the global imports, while Germany and the UK saw its share reduced by -1.9% and -4.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($173M) constitutes the largest market for imported splitting, slicing or paring machines worldwide, comprising 27% of global imports. The second position in the ranking was held by Germany ($69M), with an 11% share of global imports. It was followed by Russia, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +15.7%. In the other countries, the average annual rates were as follows: Germany (+2.2% per year) and Russia (-1.6% per year).

Import Prices By Country

The average wood slicing machine import price stood at $826 per unit in 2022, surging by 8.5% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. Global import price peaked at $990 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($2,409 per unit), while the Netherlands ($177 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Splitting, Slicing Or Paring Machines

In 2022, overseas shipments of splitting, slicing or paring machines decreased by -6.5% to 1.1M units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by 46%. Over the period under review, the global exports hit record highs at 1.1M units in 2021, and then reduced in the following year.

In value terms, wood slicing machine exports declined to $709M in 2022. In general, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.0% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 37% against the previous year. As a result, the exports attained the peak of $745M, and then dropped modestly in the following year.

Exports By Country

China dominates exports structure, finishing at 955K units, which was near 89% of total exports in 2022. The following exporters - Canada (24K units) and Germany (19K units) - each reached a 4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wood slicing machine exports from China stood at +10.4%. At the same time, Canada (+23.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.8% from 2012-2022. Germany experienced a relatively flat trend pattern. While the share of China (+13 p.p.) and Canada (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (-2.3 p.p.) displayed negative dynamics.

In value terms, China ($347M) remains the largest wood slicing machine supplier worldwide, comprising 49% of global exports. The second position in the ranking was taken by Germany ($92M), with a 13% share of global exports.

In China, wood slicing machine exports increased at an average annual rate of +17.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-1.1% per year) and Canada (+6.3% per year).

Export Prices By Country

The average wood slicing machine export price stood at $664 per unit in 2022, with an increase of 1.8% against the previous year. Overall, the export price, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 13% against the previous year. The global export price peaked at $991 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($4,796 per unit), while China ($363 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform